By The Numbers: How Much Crypto Has Been Lost In The CoinEx Hack So Far
September 13 2023 - 12:00PM
NEWSBTC
On Tuesday, September 12, centralized crypto exchange CoinEx became
the latest victim of a hack. At the time of the reports, over $27
million in crypto had already been carted away by the attackers.
However, almost 24 hours later, the reports rolling in suggest that
the exchange may have lost double the amounts that were originally
reported. CoinEx Crypto Losses Rise To $55.5 Million The initial
reports for the CoinEx hack showed that the attackers were able to
move around $27.8 million from the exchange. But as investigators
dig further into the attack, the losses have come up to around
$55.5 million in crypto lost so far. Related Reading: Tron’s Justin
Sun Mulls Over Making A Move On FTX’s Crypto Stash, Here’s Why
According to a breakdown posted by Wu Blockchain, a platform run by
Chinese reported Colin Wu, the losses extended into lesser-known
tokens as well. The majority of the losses were from assets such as
Ethereum, Bitcoin, and XRP, with assets on the BSC, Polygon, and
Kadena blockchain also running into the millions. The ETH amount
drained alone came out to over $18 million, as shown in the
breakdown, while over $11 million was stolen in Tron’s TRX token.
Other notable transactions include $6 million in XRP, over $6.2
million in BNB, $5.9 million in Bitcoin (BTC), $2.5 million in
Solana’s SOL, $1.7 million in Dagger’s XDAG, and $1.12 million in
Kadena’s KDA. There was also a little over $440,000 stolen in
Bitcoin Cash’s BCH. Over $55.5 million confirmed stolen so far |
Source: CoinEx Hacker Balance Sheet At the time of writing, a total
of $55,567,468 has been confirmed stolen from the hacking incident
from the exchange. The crypto stolen from the crypto exchange was
sent to 19 wallet addresses spanning 12 blockchains. Hack Continues
To Unravel In the aftermath of what has been the largest
centralized crypto exchange hack in 2023, CoinEx has promised to
compensate all of its affected users in full. The statement which
came a couple of hours after the incident was identified told
users: You have our solemn promise that a detailed timeline and
comprehensive report about this incident will be shared with the
community as swiftly as possible. Related Reading: Why The NASDAQ’s
Latest Move Is Important For Fund Managers Filing Ethereum ETFs For
now, users are unable to transact on the crypto exchange as
deposits and withdrawals remain unavailable. However, the exchange
said in its statement that this was only a temporary measure and
that these activities “will resume after a thorough review.” Over
the day, the exchange has also taken to posting the wallet
addresses it has identified to be linked to the attack. This is
being done in an effort to raise awareness about their activities.
“We urge affected projects and fellow industry colleagues to assist
in flagging and freezing these questionable addresses,” CoinEx said
in an X post. Market recovers in the wake of exchange hack |
Source: Crypto Total Market Cap on Tradingview.com Featured image
from Money Times, chart from Tradingview.com
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